The price of Bitcoin is around 91,347 dollars with a positive variation of +2.14% in the last hours and has moved in a range of 87,719 dollars as a minimum and 91,760 dollars as a maximum in the last 24 hours. Recent trend. In the short term last week, Bitcoin fell below 86,000 dollars on December 1st, but quickly recovered towards the 92,000 dollar zone.
Last month, November was one of the worst months since 2018, with a loss close to 18%.
Last year, despite the volatility, Bitcoin has accumulated a growth of more than 15% compared to December 2024.
Liquidity and liquidations, the initial drop was marked by more than 600 million in leveraged positions liquidated.
Macroeconomic expectations, the recent rebound is associated with the possibility of rate cuts by the Federal Reserve, which improves the appetite for risk assets.
December usually shows a Christmas rally in financial markets, and some analysts believe that Bitcoin could benefit from this pattern.
Conclusion. Bitcoin is in a consolidation phase after a sharp drop, with support around 86,000 dollars and resistance at 93,000 dollars. The immediate trend is slightly bullish, but volatility remains high. In the long term, it maintains positive growth compared to the previous year, although sharp movements continue to be the norm in the crypto market.
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The pancake continues to oscillate, waiting to choose a direction. At the same time, as the amplitude decreases, it is expected that a direction will emerge soon, so it is essential to follow the trend. After the direction of the oscillating market is established, one must set a stop-loss. The probability of the price going down is greater below 94000!